Individual Overseas Remittance raised to $1,25,000

The RBI has raised the Individual Overseas Remittance margin from the current $75,000 to $1,25,000 from now on. The move came as the status of rupee against dollar has been holding fort for quite some time. Indian residents can now take upto 25,000 rupees with them when travelling outside the country. The limit was just ten thousand till now.